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Diffusion, Selection and Inducement in the Evolution of a Technological Regime

In: Post-Innovation Performance

Author

Listed:
  • Luke Georghiou
  • J. Stanley Metcalfe
  • Michael Gibbons
  • Tim Ray
  • Janet Evans

Abstract

The case-study material in the previous chapter is indicative of the complexity of factors at work shaping the post-innovation development of a technology. Nonetheless, certain general themes can be identified and the purpose of this chapter is to provide a brief outline of the mechanisms at work, to relate them in a systematic way and to provide a guide through the complexities of the innovation process. It is perforce an outline in which detail is sacrificed for perspective and within its bounds weare concerned with two questions: the mechanisms by which new technology is absorbed into the prevailing economic structure and the effects of absorption upon the trajectory of technical development. We shall present the development of a technological regime and its economic application as interdependent processes in which three mechanisms interact: the diffusion mechanism, the selection mechanism and the inducement mechanism, It is the interaction of these mechanisms which determines the environment for technical development and the position of different firms as institutions for promoting trajectories of technical advance.

Suggested Citation

  • Luke Georghiou & J. Stanley Metcalfe & Michael Gibbons & Tim Ray & Janet Evans, 1986. "Diffusion, Selection and Inducement in the Evolution of a Technological Regime," Palgrave Macmillan Books, in: Post-Innovation Performance, chapter 4, pages 70-94, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07455-6_5
    DOI: 10.1007/978-1-349-07455-6_5
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